Taxed At 1000%
Democrats in the House of Representatives are pressuring Speaker Kevin McCarthy to hold a vote on legislation that would place an excise tax on what they consider “assault weapons” and increase gun prices by 1,000%.
More than two dozen Democrats, including Rep. Don Beyer of Virginia, penned a letter to the House speaker to bring the legislation to the floor “as soon as possible,” The Hill reported.
The members of the Gun Violence Prevention Task Force put forward the same suggestions that were proposed in 2022 when 38 Democrats wanted the incredible tax increase.
An excise tax, which places a duty on the product at the moment of manufacturing, would increase the price of a $1,000 firearm to $10,000 before it even gets to a retailer.
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